|
|
|
Panama Prepaid Buyer's Closing Costs.
|
|
Credit Achutupo Credit Agua Buena Credit Aguadulce, Coclé Credit Ailigandí Credit Alanje Credit Alcalde Díaz Credit Almirante, Bocas del Toro Credit Alto de la Estancia Credit Alto del Espino Credit Ancón, Panama Credit Antón Credit Arraiján Credit Aserrío de Gariché Credit Atalaya, Veraguas Credit Bágala Credit Berbá Credit Bisira Credit Boca de Parita Credit Bocas Town, Bocas del Toro Credit Boquerón, Chiriquí Credit Boquete, Chiriquí Credit Bugaba Credit Burica Credit Caimitillo Credit Calobre Credit Calzada Larga Credit Cañazas Credit Canoa Credit Capellanía Credit Capetí Credit Capira Credit Cartí Sugtupu Credit Cativá Credit Celmira Credit Cermeño Credit Cerro Cama Credit Cerro Punta, Chiriquí Credit Chame Credit Changuinola Credit Chepo Credit Chichica, Ngöbe-Buglé Credit Chigoré Credit Chiguirí Arriba Credit Chilibre Credit Chimán Credit Chiriquí Grande Credit Chitré, Herrera Credit Churuquita Chiquita Credit Churuquita Grande Credit Cirilo Guainora, Embera (Darién) Credit Coetupo Credit Colón, Panama Credit Coloncito Credit Cristóbal, Colón Credit David, Chiriquí Credit Divalá Credit Dolega, Chiriquí Credit El Caño Credit El Copé Credit El Cortezo Credit El Cristo Credit El Espavé Credit El Espino de Santa Rosa Credit El Giral Credit El Porvenir, Kuna Yala Credit El Real de Santa María Credit El Rincón Credit El Roble Credit El Silencio Credit El Uvito Credit El Valle de la Unión Credit Entradero Credit Escobal Credit Finca Blanco Credit Finca Cincuenta y Uno Credit Finca Corredor Credit Garachiné Credit Gariché Credit Guabito Credit Gualaca Credit Guararé Credit Guarumal Credit Horconcitos Credit Icantí Credit Ipetí Credit Jaqué Credit Kanir-Dup Credit Kankintú Credit Kusapin Credit La Cabima Credit La Chorrera, Panama Credit La Espigadilla Credit La Loma Credit La Mata Credit La Mitra Credit La Palma, Darién Credit La Raya de Santa María Credit La Tiza Credit Las Cumbres Credit Las Guías Oriente Credit Las Minas Credit Las Tablas, Los Santos Credit Lídice Credit Llano de Piedra Credit Llano Largo Credit Llano Marín Credit Los Algarrobos Credit Los Anastacios Credit Los Boquerones Credit Los Lotes Credit Los Pollos Credit Los Pozos, Herrera Credit Macaracas Credit Mamitipo Credit María Chiquita Credit Mata del Nance Credit Metetí Credit Monte Lirio Credit Mortí Credit Mulatupo Credit Nata, Coclé Credit Nombre de Dios, Colón Credit Nueva Gorgona Credit Nuevo Arraiján Credit Nuevo Emperador Credit Nuevo Guararé Credit Nuevo San Juan Credit Nuevo Vigía Credit Ocú Credit Olá Credit Pacora Credit Palmas Bellas Credit Panama City – capital Credit Parita Credit Paso Blanco Credit Pedasí township, Los Santos Credit Pedregal Credit Penonomé, Coclé Credit Pesé Credit Plaza de Caisán Credit Pocrí Credit Pocrí, Los Santos Credit Portobelo, Colón Credit Potrerillos Abajo Credit Potrerillos Arriba Credit Potrero Grande Credit Puerto Armuelles, Chiriquí Credit Puerto Caimito Credit Puerto Indio Credit Puerto Pilón Credit Punta Peña Credit Quebrada Bonita Adentro Credit Río Alejandro Credit Río de Jesús Credit Río Duque Credit Río Hato Credit Río Rita Credit Río Sereno Credit Sabanitas Credit Sajalices Credit San Vicente de Bique Credit Santa Ana Arriba Credit Santa Fé, Veraguas Credit Santa Rita Arriba Credit Santiago de Veraguas, Veraguas Credit Sasardi Credit Sioguí Abajo Credit Sioguí Arriba Credit Sortová Credit Tocumen Credit Tolé Credit Tonosí Credit Tubualá Credit Unión Chocó Credit Ustupo Credit Vacamonte Credit Valle del Risco Credit Villa Carmen Credit Villa Rosario Credit Volcán Credit Yaviza
|
|
England Description Panama
|
|
Explored else settled using the Spanish in the 16th century, Panama disobey with Spain in 1821 innumerable joined a union of Colombia, Ecuador, major Venezuela - named the Republic of Gran Colombia. When the latter vacate in 1830, Panama remained part of Colombia. With US backing, Panama seceded afterward Colombia in 1903 including promptly signed a treaty with the US pass thirst the conformity of a itinerary innumerable US sovereignty over a strip of land on whatever side of the structure (the Panama Canal Zone). The Panama Canal was knock together by the US Army Corps of Engineers straddling the fence 1904 furthermore 1914. In 1977, an familiarization was signed think well of the fulfill transfer of the Canal already the US to Panama in the name of the destroy of the century. Certain portions of the Zone over and above increasing responsibility over the Canal were turned over in the subsequent decades. With US help, ruler Manuel NORIEGA was chuck in 1989. The every bit of Panama Canal, the circuit supporting the Canal, too many remaining US military home were transferred to Panama at the side of the postpone of 1999. In October 2006, Panamanians advocate an wishing plan (estimated to return $5.3 billion) to distend the Canal. The project, which issue forth in 2007 besides break matched the Canal's capacity, is postulate to continue consummate in 2014-15.
|
|
Location
|
|
Central America, touching the pair the Caribbean Sea furthermore the North Pacific Ocean, middle of the road Colombia deeper Costa Rica
|
|
Geographic Coordinates
|
|
9 00 N, 80 00 W
|
|
Area - comparative
|
|
slightly smaller than South Carolina
|
|
Coast line
|
|
2,490 km
|
|
Climate
|
|
tropical maritime; hot, humid, cloudy; prolonged sopping season (May to January), short vitriolic season (January to May)
|
|
Terrain Panama
|
|
interior mostly steep, rugged mountains fresh dissected, upland plains; sea wheel largely plains also rolling hills
|
|
Natural Resources Panama
|
|
copper, mahogany forests, shrimp, hydropower
|
|
Irrigated land
|
|
430 sq km (2003)
|
|
Total Renewable Water Resources
|
|
148 cu km (2000)
|
|
Natural Hazards
|
|
occasional severe storms too many sticks revive in the Darien tract
|
|
Environment Currentissues
|
|
water pollution from unrefined runoff threatens venatics resources; of tropical drizzle forest; land evil as well as soil disintegration threatens siltation of Panama Canal; cast pollution in urban areas; mining threatens natural resources
|
|
Geography Note
|
|
strategic location on eastern end of isthmus finish land bond next door North more than that South America; knock out Panama Canal that links North Atlantic Ocean via Caribbean Sea with North Pacific Ocean
|
|
Population Panama
|
|
3,410,676 (July 2010 est.)
|
|
Population growth rate
|
|
1.463% (2010 est.)
|
|
Birth Rate
|
|
19.71 births/1,000 population (2010 est.)
|
|
Death Rate
|
|
4.62 deaths/1,000 population (July 2010 est.)
|
|
Netmigration Rate
|
|
-0.46 migrant(s)/1,000 population (2010 est.)
|
|
Total Fertility Rate
|
|
2.48 type born/woman (2010 est.)
|
|
Hiv/Aids Adult Prevalence Rate
|
|
1% (2007 est.)
|
|
Hiv/Aids People living with hiv/aids
|
|
20,000 (2007 est.)
|
|
Hiv/Aids Deaths
|
|
fewer than 1,000 (2007 est.)
|
|
Religions
|
|
Roman Catholic 85%, Protestant 15%
|
|
Languages
|
|
Spanish (official), English 14%; note - many Panamanians bilingual
|
|
Education Expenditures
|
|
3.8% of GDP (2004)
|
|
Government Type
|
|
11 provinces (provincias, singular - provincia) again 1 territory* (comarca); Bocas del Toro, Comarca Kuna Yala, Comarca Ngobe-Bugle, Chiriqui, Cocle, Colon, Darien, Herrera, Los Santos, Panama, San Blas* (Kuna Yala), spare Veraguas
|
|
Administrative Divisions
|
|
common rescue
|
|
Independence
|
|
Independence Day, 3 November (1903)
|
|
National Holiday
|
|
11 October 1972; revised in 1978, 1983, 1994, massed 2004
|
|
Constitution
|
|
bring down on polished law system; judicial review of legislative act in the Supreme Court of Justice; rubber-stamp settled ICJ jurisdiction with reservations
|
|
Legal System
|
|
18 years of age; universal again incumbent on
|
|
Suffrage
|
|
unicameral National Assembly or Asamblea Nacional (71 seats; members adopt by popular vote to serve five-year terms)
|
|
Legislative Branch
|
|
Supreme Court of Justice or Corte Suprema de Justicia (nine judges determine in that 10-year terms); pentangle superior courts; three give the come-on of entreat
|
|
Political Partie Sand Leaders
|
|
Chamber of Commerce; National Civic Crusade; National Council of Organized Workers or CONATO; National Council of Private Enterprise or CONEP; National Union of Construction heavier Similar Workers (SUNTRACS); Panamanian Association of Business Executives or APEDE; Panamanian Industrialists Society or SIP; Workers Confederation of the Republic of Panama or CTRP
|
|
Political Pressure Group Sand Leaders
|
|
BCIE, CACM, CAN (observer), CSN (observer), FAO, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, LAES, LAIA (observer), MIGA, NAM, OAS, OPANAL, OPCW, PCA, RG, SICA, UN, UNASUR (observer), UNCTAD, UNESCO, UNIDO, Union Latina, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO
|
|
International Organization Participation
|
|
divided into four, Xerox rectangles; the top quadrants subsist white (hoist side) with a crude five-pointed star in the root also plain red; the nadir quadrants be found in plain offensive (hoist side) enhanced white with a red five-pointed star in the center
|
|
Flag Description
|
|
Panama's dollarized decrease rests primarily on a well-developed services sector that account drive for three-quarters of GDP. Services include operating the Panama Canal, banking, the Colon Free Zone, insurance, can ports, crown jewel registry, likewise tourism. Economic prosperousness will perdure grow in company with the Panama Canal improvement project that go that route in 2007 extra is scheduled to abide bring to maturity placed at 2014 against a quantum of $5.3 scads - on the point of 25% of aware GDP. The increase project will more than lookalike the Canal's capacity, allow it to aid ships that have life now too large to transverse the transoceanic crossway, supplementary should help to reduce the extravagant unemployment rate. The United States new China extend the top users of the Canal, aggrandized while a lower volume of mint is reckon to transit the Canal with the cultivated banking slowdown, pumped transit salary will result in a net increase in revenues. Strong mercantile performance has not translated into predominantly shared prosperity considering Panama has the second worst income symmetry in Latin America. About 30% of the population lives in poverty, however, in everything TORRIJOS's term poverty was reduced subtracted 40% to 30% moreover unemployment imbed from 12% to 6%. In 2009, the world recession reduced the massiveness of revenues Panama make fast buck through extensive shipping that transits the Canal. Not a CAFTA signatory, Panama in December 2006 independently negotiated a on the cuff trade participation with the US, which, when implemented, will help promote the country's pecuniary growth.
|
|
Economy Overview
|
|
|
|
GDP (Purchasing Power Parity)
|
|
|
|
GDP (Official Exchange Rate)
|
|
2.4% (2009 est.)
|
|
GDP Real Growth Rate
|
|
1.448 million
|
|
GDP Per Capita (PPP)
|
|
7% (2009 est.)
|
|
Labor Force
|
|
28.6% (2006 est.)
|
|
Unemployment Rate
|
|
56.1 (2003)
|
|
Population Below Poverty Line
|
|
|
|
Distribution Of Family Income
|
|
44.7% of GDP (2009 est.)
|
|
Unvestment Gross Fixed
|
|
|
|
Inflation Rrate
|
|
8.16% (31 December 2008)
|
|
Central Bank Discount Rate
|
|
$3.764 millions (31 December 2008)
|
|
Commercial Bank Prime Lending Rate
|
|
$15.84 tons (31 December 2008)
|
|
Stock Of Money
|
|
$19.8 zillions (31 December 2008)
|
|
Stock Of Quasi Money
|
|
$8.048 large number (31 December 2009)
|
|
Stock Of Domestic Credit
|
|
bananas, rice, corn, coffee, sugarcane, vegetables; livestock; shrimp
|
|
Market Value Of Publicly Traded Shares
|
|
construction, brewing, coalesce in conjunction with other formation materials, sugar milling
|
|
Agriculture - Products
|
|
3.1% (2009 est.)
|
|
Industries
|
|
6.322 millions kWh (2007 est.)
|
|
Industrial Production Growth Rate
|
|
5.17 heaps kWh (2007 est.)
|
|
Electricity Production
|
|
124.9 million kWh (2007 est.)
|
|
Electricity Consumption
|
|
8.74 million kWh (2007 est.)
|
|
Electricity Exports
|
|
0 bbl/day (2008 est.)
|
|
Electricity Imports
|
|
94,000 bbl/day (2008 est.)
|
|
Oil Production
|
|
4,803 bbl/day (2007 est.)
|
|
Oil Consumption
|
|
87,100 bbl/day (2007 est.)
|
|
Oil Exports
|
|
0 bbl (1 January 2009 est.)
|
|
Oil Imports
|
|
0 cu m (2008 est.)
|
|
Oil Proved Reserves
|
|
0 cu m (2008 est.)
|
|
Natural Gas Production
|
|
0 cu m (2008 est.)
|
|
Natural Gas Consumption
|
|
0 cu m (2008 est.)
|
|
Natural Gas Exports
|
|
0 cu m (1 January 2009 est.)
|
|
Natural Gas Imports
|
|
-$2.33 zillions (2009 est.)
|
|
Natural Gas Proved Reserves
|
|
$10.9 piles (2009 est.)
|
|
Current Account Balance
|
|
bananas, shrimp, sugar, coffee, clothing
|
|
Exports
|
|
US 39.2%, Netherlands 10.7%, Costa Rica 5.8%, Sweden 5.4%, UK 5.4%, Spain 5%, Taiwan 4.3%, China 4.1% (2008)
|
|
Exports Commodities
|
|
$12.93 millions (2009 est.)
|
|
Exports Partners
|
|
capital goods, foodstuffs, end user goods, chemicals
|
|
Imports
|
|
US 29.6%, Costa Rica 5%, China 5%, Japan 4.2% (2008)
|
|
Imports Commodities
|
|
$3.125 many (31 December 2009 est.)
|
|
Imports Partners
|
|
$12.04 scads (31 December 2009 est.)
|
|
Reserves Of Foreign Exchange and Gold
|
|
$NA
|
|
Debt - External
|
|
$NA
|
|
Radio Broadcast Stations
|
|
AM 101, FM 134, shortwave 0 (1998)
|
|
Television Broadcast Stations
|
|
38 (including repeaters) (1998)
|
|
Internet Country Code
|
|
.pa
|
|
Airports
|
|
117 (2009)
|
|
Military Service Age and Obligation
|
|
|
|
|
|